Five Questions for your Oga At The Top (Boss)

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This is not funny. And it is not about the NSCDC.

It’s about your work and how fast you’ll climb up the corporate ladder with your boss’ help.

Maybe all your life as a worker, you’ve never had the cause to tell your boss some things that matter to you. Or you’ve always played hero, doing all the work on your own, never asking for help even when you need it.

But more of work is social than functional. About getting people know what you do and like you for it. One of the people you’ll want to see you in good light is your boss; and whether he is a screaming genie or everybody’s friend, you need to find out some things about yourself from him to help you fast track your progress.

Not that all of your life depends on it but because it’s one of those subtle things that count in your career.

These questions will set the pace for your work as a new employee and if you are an old employee, they might just change your perspective (and your boss’) on so many things about your job.

1.How can I help you? Ok. That’s something you’d rather not let slip off your tongue. You already have too much on your hands, your boss probably always passes on tough work and asking him this question just gives him the freedom to make your life miserable.

But the truth is, whether or not you have a terrible boss, you are better off knowing what your boss’s vision for the team is and how you can contribute to its reality.

You can always find ways to get your freedom at work but you also need to show you care about your boss, and by extension, the team.

 

2. How can I get better at this? Your boss may not know jack about your work but you can learn from his experience with the team so far, get insights into and ideas about your work and perhaps get on his better side.

Asking your boss this question doesn’t show you are incompetent or too dependent but that you respect his opinion about your work.

 

3. How am I doing?  There’s always room for improvement, and because you want to get better at what you do, you need to get as much feedback as possible; hearing from your boss is a good thing.

First, your boss serves as your quasi-mentor, helps you track your progress and you can also glean into information about your behavioural performance at work.

Plus the added benefit of avoiding a career rut.

 

4. What’s your preferred mode of communication with this team?

Not all bosses like to communicate with their team members face-to-face and it also depends on the circumstances surrounding such meetings.

Know what works best with your boss; would he prefer an in-person meeting on less busy days or when there’s an immediate need. Find out how often he’d like you to give him updates about your work and what mode of communication would be most suitable to convey your message.

 

5. How often can I ask for feedback? Agreed, your boss likes you and leaves his door open to you whenever you have anything to say but you should save yourself any misunderstanding by finding out when it is most convenient to meet with your boss.

 

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How Online Service Delivery is Bringing Convenience to Nigerian Homes – Adeniyi Ogunfowoke

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Nigerians who order items online don’t do so because they cannot visit the market or offline stores, they do so for its convenience. This is one of the unique impacts online service delivery is having on Nigerian homes.

Compare this to the past when you have to brave the Lagos traffic-if you are in the centre of excellence-to go to the market, haggle about prices added to the stress of transporting your items home. Now, you can sit anywhere in the country and with your mobile phone, you can order any item that would be delivered to your home. It is easy and seamless.

Hence, it should not come as a surprise that McKinsey estimated ecommerce spending in Nigeria at $12 billion and projected it to reach $75 billion in revenues per annum by 2025. Interesting!

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While harping on the convenience online service delivery and ecommerce have introduced our lives as Nigerians, we must not forget to recognise the role played by Jumia, Nigeria’s No.1 shopping destination in making Nigerians believe that they can order and perform transactions online.

How has online service delivery promoted convenience?

The salubrious thing about buying or purchasing items online is that you do not need to belabour yourself about going to a store or market. So how has online service delivery promoted convenience?

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Hospitality Industry

For the hospitality industry, Jumia’s hotel and flight services has developed a solid platform for Nigerians to book their packages, flight and hotels. In fact, the platform just recently launched a flight marketplace-which is the first in Africa, to enable their teeming customers to get the best available price in the flight market. It was discovered that the flight market in Africa is basically offline. So, wherever you are in the country, Jumia has over 9,000 hotels for you to book ensuring that you are not stranded. The keyword here is the convenience. You do not need to start searching for a hotel in the middle of nowhere to book a hotel room. We all know it is risky.

Meanwhile. you can also order food online if you are not open to cooking or visiting the restaurant. Again, Jumia’s food services got you covered. You can order food in any of your favourite restaurants and it is delivered to either your home, office or wherever you are with the speed of light.

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Transport industry

When you visit a cinema or a place of interest, you see taxi drivers calling to pick them. Within minutes you stepped out, a clean-looking Toyota corolla car is parked in front of you and you majestically walk-in. The taxi-driver is filled with contempt. This is how Uber and Taxify are disrupting the transport industry.

The convenience of using online service delivery is not only restricted to the industries highlighted above. It has had an impact on others like agriculture and health etc.

7 Solid Tips for Surviving a Horrible Boss

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In your entire career, you are bound to meet at least one bad boss or one who’s not so good for you. Horrible bosses are everywhere – from the boss who annoyingly micromanages your work to the boss who yells at you whenever he wants. More like a hobby. At some point, your positive attitude doesn’t make any difference. You know you love your job and you are pretty good at it but you are gradually breaking under the undue pressure and emotional torture your boss causes.

A safe getaway could be to wear your job-hunting shoes and start looking out for  a better place, but as it turns out, this is a job change mistake most people in this situation make.

Here are 7 ways to survive this nightmare and perhaps give you a chance to leave the job gracefully at a more appropriate time.

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1. Your boss is horrible… or you are just as bad : Pick out the culprit. Not all bosses derive pleasure in making your life miserable, sometimes you are not just doing things right and it gets to him. Do a self-assessment of your work, ask for feedback from your co-workers, get suggestions on what your boss expects when he assigns a task. And do it critically. Perhaps an attitude problem, it could be anything really. Just figure out what you are not doing right. You just might be contributing to a bad situation.

2. Focus on the work: So you’ve done the first part, you realise you are not the only problem; start acting on the feedback you received. Do this with all focus on the reason why you were hired and the objectives you set for yourself. Chances are, when you start doing things right, your work will shine through and most likely reduce your boss’ rantings.

Don’t take it personally: Don’t be quick to tag yourself or your boss as the bad person. Your boss may have a leadership style different from what you expect from a typical boss. Sorry but you have to put up with him anyways. Suck it up and get the job done. In the end, that’s what matters. Yes, a little appreciation here and there could suffice but don’t wait till you hear it first from your boss. Appreciate yourself from time to time. Even if your boss is a “glory hugger”, you are gradually evolving on the job and soon you’ll be known for your expertise, either in your current job or elsewhere.

Pay attention to details: This is very VERY important. The rift between you and your boss might just be because you let so many things slip. Missing deadlines, forgetting to carry out task as instructed or just basically approaching your job nonchalantly. Understand this, your boss also answers to a boss and your complacency might just be a thorn in his flesh. It could just be that you are not giving your boss something he values. Time, accuracy or simply listening to him while he talks. Those subtle things have a way of setting Newton’s third law in motion.

Ask for a meeting: If you think you haven’t covered much ground in your findings; the best person to seek the right information from is none other but your boss. This saves you a lot stress and perhaps puts you in his good book quickly. There’s every likelihood your boss has no idea he is bad and you’ll keep hurting yourself if you think he’s having a good time making life difficult for you. Send in a note, ask for a convenient time to discuss with him. And when you get the opportunity; do not reel off a list of complaints and pain-points to him, show that you value his time and you appreciate his feedback. Listen attentively while he speaks, take notes to show you are willing to act on his advice. This way, everybody wins.

Don’t gripe at work: Yes, we all need to let off steam whenever we are pressed with issues we find difficult to handle. And your first pick might be a close colleague. Hold it right there. It’s OK to complain about your work but only if done outside the office – the premises and the people. Even bad bosses have friends and sidekicks. To be safe, tell a spouse or a friend elsewhere. It’s far better if your boss hears the complaints from you than from a third-party.

Stop comparing yourself to others: Dwelling on the assumption that your boss blacklisted you might compel you to measure your performance and competence against other coworkers your boss “likes”. Don’t tread that path, you’ll fall into the delusion that you can never be good at anything. Instead remind yourself many times of the things you are good at and most importantly the reason you were hired. Seek the counsel of senior colleagues to garner as much information as you can about yourself. Bear in mind that in the end, it still comes back to your desk – how much of the job you’ve done and how well you do it. Really, you are not doing so bad after all.

How else do you deal with a horrible boss?

Credit Facility: A Nostrum for Today’s Entrepreneurs

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“I, too, used to run a business. I ran it for 18 months until I ran out of funds, after exhausting all my life’s savings. Great business idea, the market was huge and overwhelming. I started, I pushed it as much as I could. I served a market that consistently needed my service. To grow, I needed to inject money into the blood vessels of the business. But, I couldn’t. The resource was not available, and there was no one to help except the banks with their suicidal interest rates. Next to having a great business idea is access to funds to start and drive the business to growth”

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What kind of business are you hoping to start? What kind of solution will your business provide? Is there a market for your business? How do you intend to run the venture? What’s your strategy for generating revenue and eventually, profit? How much time do you need to scale the business? How much resources would you require to flight the business? How are you sourcing for funds? Personal savings? Friends and family? Government loans? Bank loans? These are important considerations for any anyone who is considering entrepreneurship. Although, micro, small and medium sized businesses (MSMEs) are confronted with myriads of challenges today, some of which are tied to the general characteristics of the business environment in Nigeria: multiple taxation systems, unstable government policies, management problems, high cost of doing business, difficulties in accessing credit, and so on. Access to credit facility still remains the biggest challenge. And the reason is simple: while banks recognize the potential of most MSMEs as a source of revenue through credit facility, they are, most times, reluctant because of the difficulty attached to managing and assessing such risks. To curb these risks, many banks have resorted to implementing stringent screening measures and requirements when considering credit facility for MSMEs. These stringent measures however only ensure that only a few businesses are granted credit.

 

The Central Bank of Nigeria (CBN), in conjunction with the International Finance Corporation (IFC) recently published an article titled, ‘The Credit Crunch’, which alleged that 87 percent of MSME respondents had successful loan applications in the past, while 69 percent of MSMEs who wanted loans but did not apply felt that they will be rejected because of the collateral requirements and other associated conditions attached to the loan approval process. Moreover, there is also a perceived ‘one-size-fits-all’ approach by financial institutions towards loan applications by MSMEs and their employees. It thus appears that many MSMEs and their employees find the process of obtaining loans – whether real or perceived – to be discouraging.

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Be that as it may, the federal government of Nigeria, in an effort to provide the needed capital support for entrepreneurs, has launched several credit facility initiatives through its various agencies saddled with the responsibility of growing small and medium scale businesses. While the efforts of the government might be said to be yielding substantial growth, truth is, not every entrepreneur will qualify or get a chance to merit such credit facilities. Moreover, the government cannot on its own cater to virtually all business proposals with viable potential. The present administration created a MarketMoni scheme through the Government Enterprise and Empowerment Programme (GEEP) as a Special Intervention Programme by providing loans between N10,000 and N100,000 to micro enterprises, the segments of the society with the greatest difficulty accessing credit. The scheme, which is executed by the Bank of Industry (BOI), a parastatal of the Federal Ministry of Industry, Trade and Investment, directly impacts traders, market women, artisans, and farmers nationwide. According to the National Bureau of Statistics, of the 37 million small businesses in Nigeria, 36.9 million are micro enterprises, and these are responsible for almost 50 per cent of the country’s Gross Domestic Product and 80 percent of the workforce. Therefore, it might be impossible for only the government to provide credit facility for all of those micro enterprises.

 

Already, some private organisations, although relatively young, have been supporting and growing MSMEs for years. While their efforts might not have been noticed by the media, their impact on these micro, small and medium sized businesses have been enormous. For instance, did you know that some of the merchants/vendors selling on Jumia enjoy a low interest credit facility given to them by the eCommerce giant? The Jumia Lending Program is an initiative that gives sellers on the platform opportunity to grow and expand their businesses by granting them access to fast and easy short-term working capitals. Lots of entrepreneurs have been produced through this initiative. Some of the pecks of the lending initiative include: quick registration process; flexible repayment plan within 1 – 6 months; no collateral; low interest rate; no hidden or extra charges; and free training and support services to help merchants selling on the platform make best use of the loan and expand their businesses. Just like the MarketMoni scheme by the federal government, Jumia vendors also have between N10,000 – N100,000 credit facility available to them. Sellers who have benefitted immensely from Jumia’s low interest credit facility today remain among the top sellers on the platform, cutting across a wide spectrum of category such as, home appliances, beauty and perfumes, phone and tablets, cameras and electronics, computing, TV, audio & video, and so on.

 

As a nation, it will be almost impossible for us to reap the dividends of the digital economy if businesses powering the sector are not adequately funded, or at least provided with low interest credit facility which can help to grow, nurture and sustain the businesses. There have been many discourses on how Nigeria can take advantage of eCommerce to improve the lot of the very promising Nigeria economy. Although, much has not been seen of the government investing in this sector, it has nonetheless created an enabling environment for the existing players to operate. In turn, the players, of which Jumia remains the leader is empowering entrepreneurs on its platform to flourish through constant free business training and advice, provision of credit facility, and so on.

 

With over 50,000 active merchants/sellers on the platform, Jumia continues to connect consumers and businesses across Africa. Through its various online platforms, consumers can access a wide range of products and services, from basic consumer goods to online travel. The company helps consumers “save time and money”. Businesses use Jumia in order to distribute their products and services in a more efficient and scalable way.

 

Twitter Thread: 18 Things You Need To Know About The Trader Moni by @AsoRock

Trader Moni

The Trader Moni scheme is a Federal Government intervention programme for petty traders under the Government Enterprise and Empowerment Programme (GEEP).

Here are 18 things you need to know about the scheme:

1. WHAT IS TRADER MONI?

Trader-Moni is a collateral-free loan programme created by the Federal Government specifically for petty traders and artisans across the country.

These Nigerians rarely have bank accounts, and are not “interesting” or “profitable” to traditional lenders. They cannot access loans to trade, and they therefore remain in the cycle. The Federal Government is on a mission to break this poverty cycle. Credit: Trader Moni

2. WHY DID GOVT CREATE TRADER MONI?

Over 20 million Nigerians that are in petty businesses are in dire need of capital to expand, but are unable to access loans to trade. Trader Moni is for them.

3. IS TRADER MONI A BANK OF INDUSTRY LOAN?

No, Trader-Moni is a special intervention by the Federal Governmentt, the loan is only being administered by Bank of Industry Nigeria.

4. WHO IS ELIGIBLE FOR TRADER MONI?

If you are a petty trader or an artisan in Nigeria, and N10,000 can help your business today, then you are eligible to collect the loan.

5. IS N10,000 THE ONLY LOAN AMOUNT AVAILABLE?

Trader Moni loan starts from N10,000 but you can collect as much as N100,000. When you pay one loan, you qualify for a higher amount immediately.

6. IS THERE INTEREST ON TRADER MONI LOAN?

Trader Moni is interest-free! You pay back the amount you take.

7. DO I NEED BANK VERIFICATION NUMBER (BVN) FOR TRADER MONI?

You can collect the first loan of N10,000 without BVN or bank account. After your first loan, you will require a BVN and a bank account for the next loans (N15,000; N20,000; N50,000; and N100,000)

8. DO I NEED PERMANENT VOTERS CARD (PVC) FOR TRADER MONI?

You don’t need PVC to register for Trader Moni and collect a loan.
PVC is NOT a requirement.

9. WHERE CAN I GET TRADER MONI FORM?

There is no form for Trader Moni and registration is absolutely free. All you need is a phone number to register.

10. IS TRADER MONI FOR ONLY SOME STATES?

Trader Moni will cover all the 36 states and the Federal Capital Territory by the end of this year. At least 2 million loans will be disbursed.

11. I CANNOT SELL AT THE MARKET, BUT I AM A PETTY TRADER. HOW WILL I GET REGISTERED?

If you‘re a petty trader & do not sell in a market, open cluster,or busy hub/street, a team of agents will be sent out every month to seek out qualified petty traders who are not in hubs/markets. You may also call 0700-6275-386 or 0700-1000-200 to express your interest and state your location; will do their very best to accommodate you.

12. WHAT IS A MARKET ACTIVATION?

Market activations are like “launch” events to announce the presence of Trader Moni in a state. However, it is not the start of Trader Moni in the state, as the programme has already started in every state nationwide.

13. CAN I REPAY CASH THROUGH AN AGENT?

NO. You should NEVER pay back your loan to anyone outside of a commercial bank or a licensed mobile money agent, otherwise the payment will not be recognised by Trader Moni and you will be counted as still owing.

14. HOW DO I REPAY A TRADER MONI LOAN?

To repay your Trader Moni loan, walk into any of the following banks: Guaranty Trust Bank (GTB), UBA, Ecobank, UnionBank, Stanbic, Sterling, Wema, Fidelity, Heritage, Jaiz.

15. WHERE CAN I BE ENUMERATED?

You can be enumerated at your point of trade (where you sell), or where you buy your goods before transporting for sale (e.g at the bakery for bread sellers). As long as you’re eligible, you can be enumerated wherever there is a Trader Moni agent.

Trader Moni agents are in every state, if you’re a petty trader or artisan and N10,000 can help your business then you’re eligible to become one of our beneficiaries. Credit: Trader Moni

16. WHO IS AN ENUMERATOR AND HOW CAN I FIND THEM?

enumerators are agents of Trader Moni working on the field, in your market, trade cluster, or place of business.

17. HOW DO I REGISTER FOR A TRADER MONI LOAN?

Register for the loan through a Trader Moni Enumerator (also called “agent”) in your area. TraderMoni has agents in every state today, identifying and registering eligible petty traders and artisans.

18. WHO DO I CALL, OR WHERE DO I GO, IF I HAVE QUESTIONS?

If you have questions, you may call 0700-6275-386 or 0700-1000-200. Contact Details: For enquiries about , call 0700-6275-386 or 0700-1000-200.

5 Ways To Network Outside Of The Office

 

Nothing replaces face-to-face networking, and for those who are job hunting, networking is every candidate’s lifeline. Networking is also important, however, for those who are working. Since “every job is temporary,” it is incumbent upon even the most happily employed to remember to optimize their network and keep in touch, both in person and through social media.

Here are five ways to network outside of the office, even when you are working.

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Career Masterclass With Dipo held in Enugu on August 9, 2018

1. Attend professional conferences and conventions.

Professional conferences are places where you can learn and upgrade the level of education and skill needed for professional development. In addition, however, you can meet many other people who are in your industry. You never know when these contacts might come in handy.

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2. Join local networking groups.

Just about every professional group has a local chapter or a local organization that provides an opportunity to network with individuals who share your particular area of expertise. Get to know them by attending meetings. I attend a couple of these types of meetings a month and see people with whom I share a common bond. We can commiserate with one another as well as celebrate one another’s successes.

3. Get social and check out Meetup.com.

If you haven’t yet checked out Meetup.com, you should. This platform offers a group for everyone. There is a group for every type of interest whether, it is wine tasting or bicycling. If you can’t find a Meetup that meets your needs, you can organize one of your own! It is a great way to get to know people who share a passion or an interest off the job—or job-related—and you never know whom you might meet.

4. Stay in touch with alumni.

Attend class reunions. Your alumni association may be an overlooked opportunity for you to stay connected, but it is one you should use. You never know where people will wind up, and it is just possible that a former classmate is now working for a company about which you might be interested in learning more. In addition to reunions and local chapter meetings of alumni, LinkedIn provides a great way for you to find and locate alumni online. It is up to you to add the personal invitation to connect and then to follow up so that you can catch up in person.

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5. Become a conference presenter!

In keeping with the importance of attending conferences and conventions, you can get your name “out there” and become known as an “expert” in your field if you volunteer to present on a topic with which you are particularly interested and one about which you can share insights or information. Volunteer to present at a conference. Offer to write an article for a professional journal or newsletter. People will start to view you as an “expert” in your field, and they will seek you out, thus helping you build your professional network.

Never overlook the importance of being well connected in your professional community. It is your responsibility, and failing to do so is a failure of appreciating the importance of being connected with those whom you might help in the future as well as with those who might offer you an opportunity some day.

 

Source: Careerealism

Law weekly: Why You Should Invest In Nigeria

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With a population of over 180 million and a gross domestic product (GDP) of $509 billion, Nigeria is one country that cannot be overlooked. An indication that the country is open for business is the variety of business incentives and trade stimulants which the Government has put in place to support the development and growth of commercially viable and sustainable enterprises.

In earlier posts we have explained Business Formation and Business Permits, now in continuation of our series on Doing Business in Nigeria, we highlight some of the Business Incentives in Nigeria.

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  1. PIONEER STATUS– Pioneer status is a 5 (five) year tax holiday granted to qualified industries anywhere in the Federation or 7 (seven) year tax holiday in respect of industries located in economically disadvantaged local government areas of the Federation. The grant  of  Pioneer  Status  to  a  company in  Nigeria  is  aimed  at  enabling  such company operating within the pioneer industry make significant capital expenditure and a reasonable level of return of profit within its formative years without having to pay companies tax.
  1. TAX RELIEF FOR RESEARCH AND DEVELOPMENT- Up to 120 percent of expenses on (R&D) is tax deductible. Where the research is long-term, it will be regarded as a capital expenditure and will be written off against profit. Such R&D activities must be carried out in Nigeria and should be connected with the business from which income or profits is derived.
  1. TAX RELIEF FOR IN-PLANT TRAINING- For industrial establishments that have established in-plant trainings there is a 2% tax concession for a period of five years.
  1. INVESTMENT IN INFRASTRUCTURE- Twenty percent (20%) of the cost of providing these infrastructural facilities, where they do not exist, is tax deductible. This is a form of incentive granted to industries that provide facilities that ordinarily, should have been provided by government. Such facilities include access roads, pipe borne water and electricity.
  1. LOCAL VALUE ADDED- There is a 10% tax concession for five (5) years for engineering industries aimed at encouraging local fabrication rather than the mere assembly of completely knocked down parts.
  1. MINIMUM LOCAL RAW MATERIALS UTILIZATION- Industries that attain the minimum level of local raw material sourcing and utilization are entitled to a tax credit of 20% for 5 years.
  1. TRADE LIBERALIZATION SCHEME (TLS)- The Objective of this scheme is to significantly expand the volume of intra-community trade in the West African sub-region via the removal of both tariff and barriers to trade in goods originating from ECOWAS countries. This affords preferential access to the ECOWAS market from Nigeria.
  1. NIGERIA EXPORT PROCESSING ZONES- Companies operating within the free trade zone are entitled to the following benefits
  • Complete tax holiday for all Federal, State and Local Government taxes, rates, custom  duties and levies;
  • One-stop approval for all permits, operating licenses and incorporation papers;
  • Duty-free, tax-free import of raw materials for goods destined for re-export;
  • Duty-free introduction of capital goods, consumer goods, components, machinery, equipment and furniture;
  • Permission to sell 100% of manufactured, assembled or imported goods into the domestic Nigerian Market;
  • 100% foreign ownership of investments;
  • 100% repatriation of capital, profits and dividends; etc
  1. DOUBLE TAXATION AGREEMENTS- Nigeria has entered into double taxation agreements with a lot of countries including UK; France; Netherlands; Belgium; Pakistan; Canada; Czech Republic; Philippines; Romania etc.

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  1. INVESTMENT PROMOTION AND PROTECTION AGREEMENT (IPPA)- The IPPA helps to guarantee the safety of the investment of the contracting parties in the event of war, revolution, expropriation or nationalization. It also guarantees investors the transfer of interests, dividends, profits and other incomes as well as compensation for dispossession or loss. Nigeria has concluded and signed IPPAs with UK; France; Netherlands; Pakistan; Canada; Romania etc.
  1. LIBERALIZATION OF OWNERSHIP STRUCTURE- By virtue of the Nigerian Investment Promotion Commission Act 1995 Foreigners can now own 100% shares in a Nigerian Company.
  1. REPATRIATION OF PROFIT- Under the provisions of the Foreign Exchange (Monitoring & Miscellaneous Provision Act No. 17 of 1995), foreign investors are free to repatriate their profits and dividends net of taxes through an authorized dealer in freely convertible currency.
  1. GUARANTEES AGAINST EXPROPRIATION- The Nigerian Investment Promotion Commission Act guarantees that no enterprise shall be nationalized or expropriated by any government in Nigeria.

SECTORAL INCENTIVES

AGRICULTURE –

  • 100 % Capital Allowance
  • Full tax exemption.
  • Enhanced capital allowances of up to 50%.
  • 100% tax-free period for 5 years
  • 1% duty.

SOLID MINERALS

  • Low income tax of between 20% and 30%;
  • Deferred royalty payments depending on the magnitude of the investment and the strategic nature of the project;

TELECOMMUNICATIONS

  • Manufacture/installation of telecommunications related equipment is considered as pioneer activity. As a result, they enjoy 3 to 5 years tax holiday.

ENERGY

  • Tax holiday of 3 – 5 years
  • Manufacturers of Transformers, meters, control panels, switchgears, cable and other electrical related equipment, which are considered pioneer products/industries:
  • Power plants using gas are assessed under the company income tax act at a reduced rate of 30%.

TOURISM

  • Tax holiday
  • Import duty exemption on tourism related equipment.
  • Provision of land for tourism development at concessional rates.
  • Availability of soft loans with long period of moratorium.

TRANSPORT

  • Shipbuilding, repairs and maintenance of vessels, boat, barges, diving and underwater engineering services, aircraft maintenance and manufacturing are considered pioneer products which enjoy a tax holiday of 3- 5 years.

CONCLUSION

Despite the apparent problems Nigeria remains an attractive market to Entrepreneurs and Investors who look beyond the common perceptions and recognize the true market potential.

CREDITS: This opinion is brought to you by the Iyiola Oyedepo & Company

info@ioclaw.com

Why Jay-Z’s Music and Video Streaming Service ‘Tidal’ Wants to Launch in Nigeria

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Tidal, music mogul Jay Z’s music and video streaming platform, is set to launch in its third African country, in partnership with the mobile and fixed telecommunications firm MTN.

First launching in South Africa on its own, Tidal has now been in Uganda since 22 August 2018.  Tidal has now partnered with telecommunications company MTN and is set to launch in Nigeria. Tidal will not only make its vast catalogue available to MTN users but it will also host local music in collaboration with local musicians.

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 Through this partnership, the streaming service will have access to  MTN subscribers who will receive a variety of options for a data-inclusive Tidal membership as part of their mobile plan. In this way subscribers will gain access to the exclusive, high-quality streaming of music, videos, concerts and more available on the platform.

Nigeria has a large population of young people, with approximately 83% of the population below the age of 30, making the country an ideal market for Tidal.

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The streaming service is following in the footsteps of Spotify and Apple music, who both launched in Africa before Tidal. On the African continent there is a growing focus on the music industry, with these major labels increasing their efforts, sensing an opportunity for growth and looking to adapt to the particular needs and tendencies of this markets. These shared interests are evident in the organisations’ sentiments as disclosed by their top management.

Michael Krause, Spotify MD of Europe, Middle East and Africa, told Forbes, “Africa is the home continent of music historically. Africa is exciting for us and we want to be in more countries – but we have to look at which.” Part of the process includes curating local music and playlists. “We want locally relevant stuff, so that people feel at home. Just launching an international product is not something that we want to do.”

Six Ways You Can Improve Your Workplace Relationships

 

workplace relationshipsHuman beings are by nature social creatures – we thrive in a positive environment and crave for positive interactions at home and away. So it, therefore, follows that the better the workplace relationships we have, the more productive and happier we are likely to be. However, it becomes all too easy to find ourselves in a rut at the workplace, finding no joy when with colleagues or with the job. This could be caused by our own actions or how we react to the actions of others.

In this article, we look at 6 proven ways you can become the best person you want to be at work.

1. Improve Both Verbal and Non-Verbal Communicationworkplace relationships

A major cause of workplace misunderstandings is assuming things. Be very explicit in what you are saying or asking. Communication that is clear and unambiguous helps in building trust among your colleagues as they know what to expect from you and vice versa. Always have an open and inquisitive mind when communicating with fellow workers or your seniors. Don’t try to guess what your boss meant; instead, seek clarification whenever in doubt. Also, know what is being communicated nonverbally as that can clarify a lot of things.

If you feel your communication skills need a boost, seek help. Always remember that all good relationships; whether at home or at the office depend on honest, open communication.

2. Help Others

Every worker has his or her own skills, talents, and unique experiences. Wherever you are in a position, help your workmates to become the best they could ever be. Help fellow workers to harness and tap into their unique gifts. When every employee is growing and happy with their contribution, the whole organization stands to benefit.

3. Develop Mutual Respectworkplace relationships

Your job can become less stressful and more rewarding with better workplace relationships with your colleagues.  It’s important to give others their space both in expressing their feelings and thoughts. When you respect your workmates, you place more value on their ideas and input. In turn, they also value yours. People will trust and respect you more when you give genuine support and positive feedback. When you work together on the basis of mutual respect, it becomes easier to develop better work-related solutions jointly.

4. Honour Your Commitments

Everything done by each employee in an organization is interconnected. Whenever one fails to keep their side of the bargain in terms of commitments or deadlines, the entire organization gets affected negatively. Therefore, always endeavour to keep your commitments, and when unable to meet a deadline, always let your bosses or colleagues know in advance. This builds trust and enhances smooth working.

5. Be Proactiveworkplace relationships

Relationships can be improved greatly if you are willing to take the initiative. Many a time, relations take a turn for the better when we are willing to go out of our way to improve an environment. Politely asking questions is an excellent way of listening and letting your workmates share what could be bothering them. The proactive approach makes colleagues feel closer to you and appreciated.  If, for example, you are the guilty party, try meeting the affected individual for a private conversation and apologize. Saying you are sorry is a sign of strength. Have you tried a smile? Smiles are truly contagious and contribute to a less stressful environment.

6. Rest and Recharge

In the modern work environment where too much focus is being put on output quantity, it’s very important to ensure that you don’t get bottled up because of work pressure. When you are under stress because of long working hours or tight deadlines, it’s very easy to snap at people or lose your cool easily. One great way of improving your workplace relationships is by ensuring that you take breaks and even get to know your colleagues at a personal level over a cup of tea or during the lunch break. Corporate events are great places to not only interact with colleagues informally but to build better relationships.

Final Thoughts on Workplace Relationships

We all want a working environment that is positive, one that gives us job satisfaction. Good workplace relationships are only possible if you work on them. Such relationships are not only healthy but necessary if you hope to grow your career. However, being the best person to work with also calls for concerted effort on your part.

Changing Jobs: 4 Questions You Must Answer

changing jobsChanging jobs is not an easy thing to do but it doesn’t have to be complicated either. Did you know that the average person changes jobs 10 to 15 times (with an average of 12 job changes) during his or her career? This was the outcome of a recent study and it highlights one crucial fact – At some point in your career, you will find yourself at a point where you will have to make a decision on whether you want to hold on to your job or change it.

Sometimes, you are convinced that you need a change but you are also haunted by uncertainties of searching for a new job, finding one, applying and going through the interview phase. It doesn’t end here because even after you have received an employment offer, you still have a myriad of career and workplace issues to contend with.

There are contracts to read and sign. You also have the whole onboarding process and your new colleagues to deal with. You also need to understand your new employer’s processes, products and service. Regardless of whether you are decided or undecided about changing jobs, the following questions can help you make a more informed decision on changing jobs or not.

1. Why Am I Changing Jobs?changing jobs

There could be a plethora of reasons why you desire a change of job. Some of these reasons might include boredom, low salary and benefits, an absence of challenges, a glaring lack of appreciation or unresolved rift with managers or colleagues. It is, however, important to identify your reasons for desiring a  or reasons for desiring a change of job.

Once you identify the reason, the next step is to find out if it can be resolved especially if it is an unresolved issue? If yes, then you might realise that you don’t necessarily have to change your job. In any case, remember to find the serenity to accept the things you cannot change and the courage to change the things you can.

2. What Should I Do To Change Jobs?changing jobs

The general answer to this question should be to apply for jobs as many jobs as a possible but as a professional, it is best to create a schedule and remain strategic with your job search. Ensure that you identify specifics you want at your next job. This will guide your job search a great deal.

It is important to update your CV, update your profiles on Jobberman, LinkedIn and other trusted jobs platforms. What this does it that it increases your chances of being found by employers searching for the skill set you possess. What this also means is that by updating your profile on the trusted jobs platform, you don’t have to apply for a job before you get contacted by a recruitment manager. In cases where talent acquisition managers have a very short time span to hire, they get proactive by searching through the profile and CV of candidates on trusted websites and shortlist candidates whose skill set match the requirements for the role.

It is advisable to do optimise your CV for every particular job listing that you are interested in before sending out your application. This stage also marks a great time to reach out to trusted friends and old colleagues, mentors and your network and inform about your plans around changing jobs. You never know what opportunities may be lurking for you from them.

3. Do I Need to Upgrade My Skill Set Before Changing Jobs?

Jobberman_-_Changing_jobs_-_Skills_upgrade

Often times, you will do yourself a world of good when you upgrade your skill set if you have decided on changing jobs. This should be done before you go out to hunt for jobs. A skill set upgrade, as well as the work experience that you have, will present you with an opportunity to bargain for a better pay, better benefits and a better position from a potential employer.

Regardless of your field of specialisation; whether you are a customer service personnel, human resource manager, sales and marketing professional, office administrator, banker or accountant, there many courses and certifications that can improve your skills and make a better fit for the jobs you are applying for.

One vital question you should ask yourself and answer is this, “Do I need a skill set upgrade?” Answer this question as sincerely as you can and you are bound to make steady progress in your quest to land your next job especially when you are nursing the idea of changing jobs.

4. What Exactly Would You Consider a Better Offer?changing jobs

You will save yourself a lot of confusion and the proverbial headache by stating in clear terms what you consider a ‘better offer’, especially when changing jobs. This would help you avoid fraudulent offers masked as great opportunities.

Let’s be frank, recruiters and human resource managers can be sweet talkers and part of their Key Performance Indicators (KPIs) is to hire candidates that are the best fit for the job openings at the best possible cost to the organisation or client that they represent. Once you are considered a great fit for a role, talent acquisition managers will have no trouble sweet-talking you into accepting their offer.

Defining in clear terms what a better offer means to you would include things like the salary range you expect, general benefits, leave and vacation days, how long before you are due for leave after resumption; 3, 6 or 12 months, what career progression and training policies are available I the company, work culture, workload and more.

Wrapping it up, ideally, a job change should translate into an upgrade for you; either on the basis of an increased salary, benefits, career advancement, training and many more. It should add something to your pockets or career. However, all these depend on your need and personal choice. We hope this has provided some clarity if you are looking in the direction of changing jobs? We wish you the best, as always.